0 offers selected
BEST OF

Best Brokerage Bonuses: Stock & Cash Promotions

Brokerage firms compete for investor deposits by offering large bonuses and promotions. Here are some of the best brokerage bonuses and promotions right now.

Profile photo of Arielle O'Shea
Written by Arielle O'Shea
Lead Assigning Editor
Profile photo of Chris Davis
Reviewed by Chris Davis
Assigning Editor
Profile photo of Pamela de la Fuente
Assigning Editor
Fact Checked

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.


The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Our deep, independent analysis of brokerage firms sorts through key details to find and evaluate the information investors want when choosing an account.

Over 60 investment account providers reviewed and rated by our expert Nerds.

More than 50 years of combined experience writing about finance and investing.

Hands-on testing of the account funding process, broker websites and stock-trading platforms.

Dozens of objective ratings rubrics, and strict guidelines to maintain editorial integrity.

To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.

The competition among brokerage firms is fierce, which spells good news for investors: These companies frequently aim to attract new accounts with generous promotions and bonus offers.

How brokerage bonuses work

Most brokers that offer promotions will do so in exchange for a set deposit amount — the more you're willing to deposit, the greater the promotion available to you. However, there are some brokerage firms that set the bar lower — for example, offering a bonus simply for placing your first trade.

Keep in mind that while most broker bonuses are paid in cash — in the form of a deposit to your newly opened investment account — other brokers pay out untraditional bonuses in the form of stock or even crypto.

Below, we've categorized current brokerage promotions so you can easily find the best options for you. As always, be sure to read the fine print on the brokerage firm's website to ensure you qualify for the offer.

Our deep, independent analysis of brokerage firms sorts through key details to find and evaluate the information investors want when choosing an account.

Over 60 investment account providers reviewed and rated by our expert Nerds.

More than 50 years of combined experience writing about finance and investing.

Hands-on testing of the account funding process, broker websites and stock-trading platforms.

Dozens of objective ratings rubrics, and strict guidelines to maintain editorial integrity.

To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.

The competition among brokerage firms is fierce, which spells good news for investors: These companies frequently aim to attract new accounts with generous promotions and bonus offers.

How brokerage bonuses work

Most brokers that offer promotions will do so in exchange for a set deposit amount — the more you're willing to deposit, the greater the promotion available to you. However, there are some brokerage firms that set the bar lower — for example, offering a bonus simply for placing your first trade.

Keep in mind that while most broker bonuses are paid in cash — in the form of a deposit to your newly opened investment account — other brokers pay out untraditional bonuses in the form of stock or even crypto.

Below, we've categorized current brokerage promotions so you can easily find the best options for you. As always, be sure to read the fine print on the brokerage firm's website to ensure you qualify for the offer.

🤓Nerdy Tip

Typically, transfers from existing brokerage firms — as well as 401(k) rollovers and IRA transfers — count as a deposit that qualifies for a bonus. But be sure to read the fine print of each offer.

Best Brokerage Bonuses: Stock & Cash Promotions

Our pick for

free stock promotions

These brokerage firm promotions offer free stock when signing up for an account. As with cash promotions, the bonus you receive may depend on the amount you deposit.

NerdWallet rating 

4.3

/5
Robinhood
Learn more

on Robinhood's website

Fees

$0

per trade

Account minimum

$0

Promotion

1 Free Stock

after linking your bank account (stock value range $5.00-$200)

Pros

  • Commission-free stock, options and ETF trades.

  • Streamlined interface.

  • Cryptocurrency trading.

  • IRA with 1% match.

  • High interest rate on uninvested cash.

Cons

  • No mutual funds.

  • Limited customer support.

Why We Like It

Robinhood provides free stock, options, ETF and cryptocurrency trades (but no bonds or mutual funds), and its account minimum is $0, too. Robinhood Gold offers a high interest rate on uninvested cash and low margin rates.

NerdWallet rating 

5.0

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 75 free fractional shares (valued up to $3,000)

when you open and fund an account with Webull.

Pros

  • Commission-free stock, options and ETF trades.

  • Easy-to-use platform.

  • Advanced tools.

  • Access to cryptocurrency.

  • High interest rate on uninvested cash.

  • High order execution quality.

Cons

  • No mutual funds.

  • Thin educational support.

Why We Like It

Webull will appeal to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps. The brokerage also delivers an impressive array of tools for active traders and a wide investment selection, including stocks (plus fractional shares), options, ETFs, crypto, commodities and futures. However, its relatively weak educational content may leave true beginners in the lurch, and it lacks access to bonds and mutual funds.

NerdWallet rating 

4.2

/5
SoFi Active Investing
Learn more

on SoFi Invest's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $1,000

in free stock for users who sign up via mobile app

Pros

  • Commission-free stock, options and ETF trades.

  • Free financial counseling.

  • IPO access.

Cons

  • Low interest rate on uninvested cash.

Why We Like It

SoFi Active Investing's $0 trading commission, free access to financial advisors, fractional shares and $1 account minimum are attractive to new investors. More advanced investors will appreciate the company's wide mutual fund selection and IPO access.

Our pick for

cash promotions

NerdWallet rating 

4.6

/5
Public
Learn more

on Public's website

Fees

$0

Account minimum

$0

Promotion

Earn up to $10,000

when you transfer your investment portfolio to Public.

Pros

  • Commission-free stock, options and ETF trades.

  • Rebates for trading options.

  • Impressive selection of alternative assets.

  • Easy-to-use signup and trading interface.

  • High interest rate on uninvested cash.

Cons

  • No mutual funds.

  • No margin trading.

  • Lack of tools (e.g. customizable investment screeners).

  • No IRA accounts.

Why We Like It

Public provides free stock and ETF trades, pays you to trade options, and gives traders access to crypto, alternative assets and bonds, as well as a high-yield savings account. The platform will appeal to traders looking for a low-cost options broker and access to many types of assets.

NerdWallet rating 

4.2

/5
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.

Pros

  • Commission-free stock, options and ETF trades.

  • Easy-to-use platform.

  • App connects all Chase accounts.

  • In-person customer support at Chase branches.

Cons

  • Limited tools and research.

  • Portfolio Builder tool requires $2,500 balance.

  • Low interest rate on uninvested cash.

Why We Like It

J.P. Morgan Self-Directed Investing is a clear-cut investment platform that is great for beginners looking to learn how to buy and sell investments. More advanced investors, however, may find it lacking in terms of available assets, tools and research. INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

NerdWallet rating 

3.9

/5
TradeStation
Learn more

on TradeStation's website

Fees

$0

per trade

Account minimum

$500

Promotion

Qualify for up to $5,000

when you open and fund a new TradeStation account. Offer Code: NERDAFJO.

Pros

  • Commission-free stock, options and ETF trades.

  • High-quality trading platforms.

  • Comprehensive research.

  • Advanced tools.

  • Active trader community.

Cons

  • No transaction-fee-free mutual funds.

  • Plans and pricing can be confusing.

  • Low interest rate on uninvested cash.

Why We Like It

TradeStation is a strong choice for active stock, options and futures investors who rely on high-octane trading platforms, reams of research and sophisticated analytical tools. Trades are commission-free.

Want to compare more options? Here are our other top picks:

More about these promotions

Robinhood promotion

1 Free Stock after linking your bank account (stock value range $5.00-$200).

Robinhood's sign-up bonus offers free stock that can range in value. The company is known for its free stock, options, ETF and cryptocurrency trades, and also offers a 1% match on IRA account contributions, which isn't typical at other brokers.

Webull promotion

Get up to 75 free fractional shares (valued up to $3,000) when you open and fund an account with Webull.

Like Robinhood, Webull issues its sign-up bonus in the form of free stock shares. Webull has some of the lowest fees of all the brokers we review, and typically appeals most to mobile-first investors. But it also offers impressive tools for active trading.

SoFi promotion

Up to $1,000 in free stock for users who sign up via mobile app.

SoFi is appealing to new or beginner investors, thanks to its user-friendly platform and range of products, including banking accounts and educational seminars. It also offers access to IPOs.

M1 Finance promotion

Get up to $500 in your new Brokerage Account when you sign up and make a deposit within 14 days. Plus, earn up to $10,000 to invest when you transfer your brokerage account to M1 within 30 days of opening an M1 account.

M1 Finance is a unique offering — the company allows investors to allocate their money among "slices" that make up a "pie," or diversified portfolio. It's a mix of automated and DIY investing that will appeal to a range of investors. M1 also offers other financial services products, including a savings account.

TradeStation promotion

Qualify for up to $5,000 when you open and fund a new TradeStation account. Offer Code: NERDAFJO.

Tradestation is among the best choices for advanced, active traders, due to its high-quality trading platforms, tools and research. But it also offers features that appeal to more casual investors, including commission-free stock, ETF and options trades.

J.P. Morgan Self-Directed Investing promotion

Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.

J.P. Morgan's active investing offering is a clean, approachable platform that will appeal to beginner investors and existing Chase customers. The app seamlessly connects all of your Chase accounts.

Public.com promotion

Earn up to $10,000 when you transfer your investment portfolio to Public.

Public offers some unique features, including a rebate on options trades and access to alternative assets like shares of artworks and royalties.

More resources for opening a new brokerage account

Last updated on July 2, 2024

Methodology

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

To recap our selections...

NerdWallet's Best Brokerage Bonuses: Stock & Cash Promotions